<\/p>\n
KB Kookmin Card is partnering with Avalanche and OpenAsset to build a hybrid stablecoin credit card system that spends from a blockchain wallet first, then falls back to traditional credit if needed.<\/p>\n
<\/p>\n
South Korea\u2019s KB Kookmin Card is developing a hybrid stablecoin credit card system on Avalanche (AVAX), aiming to let customers pay with on\u2011chain stablecoins or traditional credit using a single card without changing how merchants get paid. The firm said it is \u201cstepping up development of a payment structure using stablecoins in cooperation with Avalanche, a global mainnet, and OpenAsset, a digital asset infrastructure company,\u201d according to local outlet JoongAng Economy, as cited by Bloomingbit. The public\u2011blockchain design covers the full cycle of recharge, payment and settlement, with KB stressing that the user experience \u2014 including card benefits and reward points \u2014 will mirror its standard credit products.<\/p>\n
<\/p>\n
Under the patented model, customers link a blockchain stablecoin wallet to their existing KB credit card, and transactions are routed to the wallet first; if there is not enough stablecoin balance, the remaining amount automatically falls back to the card\u2019s credit line. RootData\u2019s summary of the filing notes that \u201cthe stablecoin balance in the linked e\u2011wallet will be deducted first; if the balance is insufficient, the remaining amount will be charged to the credit card,\u201d preserving merchant settlement in fiat while lowering barriers to everyday digital asset spending. MEXC News described the approach as a \u201chybrid digital asset payment tech\u201d that \u201callows a transaction to first use stablecoins from the wallet and then automatically use credit if needed,\u201d highlighting how it blends Web3 balances with legacy rails.<\/p>\n
Avalanche will serve as the public blockchain backbone for the new system, handling on\u2011chain issuance, wallet transfers and settlement while KB\u2019s existing network maintains authorization, clearing and fiat payouts. Justin Kim, head of Korea at Ava Labs, wrote on LinkedIn that \u201cwe are seeing more businesses built on blockchain \u2014 and on Avalanche,\u201d calling the KB Kookmin Card deal \u201ca major step forward for real\u2011world payment use cases on public chains.\u201d AInvest added that the initiative \u201csignals a move from concept to deployment,\u201d with the January patent acting as the bridge between earlier pilots and a potential nationwide rollout.<\/p>\n
The project lands amid a broader push by South Korean financial groups to issue and integrate regulated stablecoins. In a previous crypto.news story, BDACS launched KRW1, a won\u2011pegged stablecoin on Avalanche fully backed 1:1 with fiat held at Woori Bank, with CEO Harry Ryoo saying KRW1 was intended as \u201ccore infrastructure for Korea\u2019s digital asset market.\u201d Another story detailed how KRW1 will also be integrated into Circle\u2019s Arc blockchain, underscoring how Korean issuers are positioning compliant stablecoins for both domestic payments and global settlement. A third story on South Korea\u2019s stablecoin bill outlined plans for the country\u2019s first unified framework for issuance and reserves, a backdrop that makes KB Kookmin Card\u2019s Avalanche partnership look less like a one\u2011off experiment and more like the next phase of mainstream payments.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
KB Kookmin Card is partnering with Avalanche and OpenAsset to build a hybrid stablecoin credit card system that spends from a blockchain wallet first, then falls back to traditional credit…<\/p>\n","protected":false},"author":1,"featured_media":12745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24767"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24767\/revisions"}],"predecessor-version":[{"id":24768,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24767\/revisions\/24768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12745"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}